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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
+3.71%
1 Year Est. Return
-0.79%
3 Year Est. Return
+4.8%
5 Year Est. Return
-8.69%
10 Year Est. Return
+11.73%
AUM
$1.44B
AUM Growth
-$91.6M
Cap. Flow
-$143M
Cap. Flow %
-9.9%
Top 10 Hldgs %
32.74%
Holding
179
New
28
Increased
39
Reduced
65
Closed
38

Top Buys

Rank Stock Value
1
EMD
Western Asset Emerging Markets Debt Fund
EMD
+$63.8M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$18.3M
3
RA
Brookfield Real Assets Income Fund
RA
+$16.3M
4
ARCC icon
Ares Capital
ARCC
+$13.6M
5
EHI
Western Asset Global High Income Fund
EHI
+$13.1M

Top Sells

Rank Stock Value
1
ACAS
American Capital Ltd
ACAS
+$43.3M
2
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$37.1M
3
EMD
Western Asset Emerging Markets
EMD
+$28.2M
4
CHY
Calamos Convertible and High Income Fund
CHY
+$17.8M
5
PPT
Franklin Premier Income Trust
PPT
+$12.9M

Sector Composition

Rank Sector Weight
1 Financials 4.03%
2 Technology 0.2%
3 Energy 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HQH
151
abrdn Healthcare Investors
HQH
$1.32B
– –
-34,004
Closed -$719K
JPI
152
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
– –
-22,427
Closed -$514K
JRS icon
153
Nuveen Real Estate Income Fund
JRS
$246M
– –
-25,571
Closed -$275K
MFIC icon
154
MidCap Financial Investment
MFIC
$804M
– –
-58,469
Closed -$1.03M
NAC icon
155
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
– –
-79,113
Closed -$1.12M
NMZ icon
156
Nuveen Municipal High Income Opportunity Fund
NMZ
$2.22B
– –
-139,506
Closed -$1.79M
NUV icon
157
Nuveen Municipal Value Fund
NUV
$1.91B
– –
-494,392
Closed -$4.73M
PHD
158
DELISTED
Pioneer Floating Rate Fund
PHD
– –
-144,118
Closed -$1.71M
PHK
159
PIMCO High Income Fund
PHK
$880M
– –
-64,600
Closed -$592K
PML
160
PIMCO Municipal Income Fund II
PML
$493M
– –
-529,308
Closed -$6.47M
RQI icon
161
Cohen & Steers Quality Income Realty Fund
RQI
$1.69B
– –
-183,692
Closed -$2.24M
NSLR
162
Neostellar Capital Corp
NSLR
$254M
– –
-1,405,579
Closed -$5.93M
VGI
163
Virtus Global Multi-Sector Income Fund
VGI
$83.7M
– –
-250,676
Closed -$3.84M
VGM icon
164
Invesco Trust Investment Grade Municipals
VGM
$564M
– –
-252,208
Closed -$3.22M
VKI icon
165
Invesco Advantage Municipal Income Trust II
VKI
$401M
– –
-76,786
Closed -$858K
ZTR
166
Virtus Total Return Fund
ZTR
$339M
– –
-605,548
Closed -$7.29M
AIF
167
DELISTED
Apollo Tactical Income Fund Inc.
AIF
– –
-179,453
Closed -$2.77M
NSL
168
DELISTED
NUVEEN SENIOR INCM FD
NSL
– –
-397,954
Closed -$2.7M
FCRD
169
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
– –
-645,212
Closed -$6.46M
TLI
170
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
– –
-45,154
Closed -$508K
GTYHU
171
DELISTED
GTY Technology Holdings, Inc. Units
GTYHU
– –
-80,000
Closed -$840K
KST
172
DELISTED
Deutsche Strategic Income Trust
KST
– –
-63,903
Closed -$760K
ACSF
173
DELISTED
American Capital Senior Floating, Ltd.
ACSF
– –
-199,449
Closed -$2.37M
FSAM
174
DELISTED
Fifth Street Asset Management Inc. Class A
FSAM
– –
-732,666
Closed -$4.91M
KLREU
175
DELISTED
KLR Energy Acquisition Corp.
KLREU
– –
-200,000
Closed -$2.5M
4 5 6
7
8

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Rivernorth Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Rivernorth Capital Management held 179 positions worth $1.44B, down 6% from $1.53B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Rivernorth Capital Management withdrew a net $143M in Q1 2017, closing 38 positions and reducing 65 holdings. Its most notable exit was American Capital Ltd, an estimated $43.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4% of assets, down from 5% a quarter earlier, followed by Technology and Energy.

Against the trend, Rivernorth Capital Management opened a new position in Western Asset Emerging Markets Debt Fund worth $64.7M.

  • Rivernorth Capital Management's largest Q1 2017 buy was Western Asset Emerging Markets Debt Fund: 4,171,753 shares worth $64.7M.
  • Rivernorth Capital Management added most to Western Asset High Income Opportunity Fund in Q1 2017, an estimated $18.3M increase.
  • Rivernorth Capital Management's biggest Q1 2017 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $37.1M.
  • Rivernorth Capital Management fully exited American Capital Ltd in Q1 2017, selling an estimated $43.3M.
  • Rivernorth Capital Management's ten largest holdings make up 33% of its $1.44B portfolio in Q1 2017.
  • Rivernorth Capital Management opened 28 new positions and closed 38 in Q1 2017.
  • Rivernorth Capital Management's portfolio value fell 6% quarter-over-quarter to $1.44B.

Based on Rivernorth Capital Management's 13F filing for Q1 2017, filed 15 May 2017.